WHOOP raises $575m at $10.1bn valuation, signals IPO ahead
In short:
WHOOP, the screenless health wearable company, has secured a Series G round of funding valuing it at an impressive $10.1 billion—more than triple its previous valuation. This significant investment, led by Collaborative Fund, includes prominent medical institutions and celebrity athletes as backers. With this round, WHOOP is positioning itself for an upcoming Initial Public Offering (IPO).
WHOOP’s founder and CEO, Will Ahmed, has announced that this will be the company’s last private funding round. He stated: "Our next step is an IPO."
An Unconventional Investor Base
The investor list is quite unique, comprising:
- Sovereign wealth funds such as Mubadala Investment Company and Qatar Investment Authority
- Medical devices giant Abbott and renowned clinical institutions like Mayo Clinic
- Venture capital firms like IVP, Foundry Group, and Promus Ventures
- Individual investors include sports stars Cristiano Ronaldo, LeBron James, Rory McIlroy, and musicians Niall Horan.
This diverse group of investors underscores WHOOP’s transition from a fitness gadget to a comprehensive personal health platform.
From Dorm Room to Health Revolution
Founded in 2012 by Harvard student-athlete Will Ahmed, along with John Capodilupo and Aurelian Nicolae, WHOOP originated in the Harvard Innovation Labs. Their product stands out for its absence of a screen, step counter, or notifications. Instead, it continuously tracks strain, recovery, and sleep, providing personalized insights through an app that coaches users on their physiological choices.
WHOOP’s innovative approach has garnered a substantial following, with over 2.5 million members worldwide as they exited 2025.